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UK increases borrowing by $138bn to fund recovery

Bloomberg Britain ramped up its record bond-issuance plan to help the government finance a recovery from one of the worst economic downturns in the nation’s history. An additional 110 billion pounds ($138 billion) of bonds will be sold between September and November, according to the Debt Management Office, bringing total sale plans from the start of the fiscal year to ...

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BMW, Northvolt sign $2.3bn battery order

Bloomberg BMW AG signed a deal with Goldman Sachs Group Inc.-backed Northvolt AB for 2 billion euros ($2.3 billion) of battery cells to power the German company’s electric cars. Northvolt, a Swedish firm started by two former Tesla Inc. executives, will manufacture the cells using renewable electricity and deliver them from 2024 as part of a long-term contract, BMW said ...

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Sorrell’s S4 raises $146mn for ‘aggressive’ deal chase

Bloomberg S4 Capital Plc, the digital advertising and marketing group founded by former WPP Plc boss Martin Sorrell, raised 116 million pounds ($146 million) in a stock offering to fund acquisitions. The company sold 29.7 million shares to a mix of existing and new investors at 315 pence each, while directors bought a further 7.1 million shares, it said in ...

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